Facebook IPO


Facebook, the biggest and the most popular social network in the world, got bigger in terms of monetary value after the company's Initial Public Offering (IPO).

Facebook started the show with price talk of $96 billion. It went up to $104 billion on Thursday night, a day before the public lauch. Even though Facebook wanted to raise it further, they were rebuffed by investors. Instead, it went as high as almost $45 on Friday meaning its market capitalization neared $123 billion. After the first 15 minutes of the launch, it dropped back to the offer price at $87 billion.